https://www.taxtmi.com/caselaws?id=286531 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal concerning a transfer pricing adjustment challenge under sections 143(3) and 144C(13) of the Income Tax Act for the assessment year 2011-12. The exclusion of certain comparables, including Government Companies like Engineers India Ltd., Rites Ltd., and WAPCOS Ltd., and the acceptance of M.N. Dastur & Co. Pvt. Ltd. as a comparable, led to no adjustment being required to the arm's length price, resulting in the resolution of the transfer pricing dispute. The disallowance under section 14A of the Act was dismissed due to the absence of exempt income. en-us Fri, 22 Feb 2019 00:00:00 +0530 Tue, 03 Mar 2020 10:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286531 The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal concerning a transfer pricing adjustment challenge under sections 143(3) and 144C(13) of the Income Tax Act for the assessment year 2011-12. The exclusion of certain comparables, including Government Companies like Engineers India Ltd., Rites Ltd., and WAPCOS Ltd., and the acceptance of M.N. Dastur & Co. Pvt. Ltd. as a comparable, led to no adjustment being required to the arm's length price, resulting in the resolution of the transfer pricing dispute. The disallowance under section 14A of the Act was dismissed due to the absence of exempt income. Case-Laws Income Tax Fri, 22 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286531